whether equity shares already issued can be converted into redeemable preference shares? ans. with the help of decided case law
CS Rajveer Rai, Gurgaon
(CS)
(646 Points)
Replied 23 January 2012
no there is no provision for conversion of equity share. you can buy-back equity share and then issue redeemable preference shares
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 24 January 2012
It amounts to reduction of capital sec 100
sai kumar
(CA)
(160 Points)
Replied 24 January 2012
There is no conversion of equity shares....so equity shares cannot be converted,, u can just buy back and redeemed the shares
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
